Trust financing is contingent upon the developer and contractors agreeing that only union labor will be used in all on-site construction work on the project.
All workers on construction sites receiving Trust financing must be employed by responsible contractors that perform under the collective bargaining agreements with the unions traditionally having jurisdiction for the work in that area. Alternatively, the project can be subject to a project labor agreement (PLA), covering all workers on the project. This requirement applies to:
As part of any financing agreement executed by the Trust, the borrower and the general contractor or construction manager must agree to these requirements.